New York Markets After Hours

Coinstar second-quarter profit rises to $36.9 mln

SAN FRANCISCO (MarketWatch) -- Coinstar Inc.
cstr
late Thursday reported its second-quarter profit rose to $36.9 million, or $1.11 a share, from $26.7 million, or 83 cents a share, in the year-earlier period. Revenue climbed to $532.2 million from $435.2 million. The company credited the increase to Redbox revenue growth of 26% to $458 million. Coinstar expects third-quarter revenue of $550 million to $575 million. Shares of Coinstar sank 14% to $51.00 in after-hours trading.

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